Thursday, May 12, 2011

True Finns drop from Coalition Talks

The True Finns will oppose the new governing coalition in Finland, as the two main  parties edge towards concessions on the Portuguese bail out. The report in English is linked here.

Given the anti-bailout sentiment reflected in the recent Finnish elections, this deliberate thwarting of the Finnish voters clear opposition to further bail outs, gives an indication of the extreme pressures presently being applied by the Euro Group establishment. As Open Europe quotes in its midday press briefing e-mail of today, linked here:

The costs of the debt crisis are being entirely shifted to taxpayers…this strategy risks ending up with the greatest of all systemic risks: the revolt of citizens against the European Monetary Union."

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